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Oregon Bulletin

September 1, 2013

Oregon Public Employees Retirement System, Chapter 459

Rule Caption: Housekeeping edits to delete obsolete language and clarify the current administration of retirement benefit payments.

Adm. Order No.: PERS 6-2013

Filed with Sec. of State: 7-26-2013

Certified to be Effective: 7-26-13

Notice Publication Date: 5-1-2013

Rules Amended: 459-013-0060

Subject: Edits to this administrative rule are required to delete references to gender and obsolete language such as “insurable interest,” which was removed from statute in 1971; to reference our new administrative rule regarding any accrued benefits due a retired member after death; and to clarify the date of subsequent lump sum installment payments after the initial installment payment was made.

Rules Coordinator: Daniel Rivas—(503) 603-7713

459-013-0060

Payment of Retirement Benefits

(1) Retirement benefits shall be payable each month as of the first day of the month following the effective date of retirement. At the time of death, accrued benefits shall be payable as provided under OAR 459-014-0050(4).

(2) If a retiree elects to receive more than one installment payment as provided under ORS 238.305(4), the subsequent installment payments will be paid on the anniversary of the first day of the month that the initial installment payment was made.

Stat. Auth.: ORS 238.650

Stats. Implemented: ORS 238.300 & 238.305

Hist.: PER 8, f. 12-15-55; PERS 1-1996, f. & cert. ef. 3-26-96; Renumbered from 459-010-0070; PERS 21-2005, f. & cert. ef. 11-1-05; PERS 6-2013, f. & cert. ef. 7-26-13

Notes
1.) This online version of the OREGON BULLETIN is provided for convenience of reference and enhanced access. The official, record copy of this publication is contained in the original Administrative Orders and Rulemaking Notices filed with the Secretary of State, Archives Division. Discrepancies, if any, are satisfied in favor of the original versions. Use the OAR Revision Cumulative Index found in the Oregon Bulletin to access a numerical list of rulemaking actions after November 15, 2012.

2.) Copyright 2013 Oregon Secretary of State: Terms and Conditions of Use

Oregon Secretary of State • 136 State Capitol • Salem, OR 97310-0722
Phone: (503) 986-1523 • Fax: (503) 986-1616 • oregon.sos@state.or.us

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